The Laws of Texas, 1822-1897 Volume 7 Page: 1,451
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Laws of the State of Texas.
751
CHAPTEP CCLXXXIII.
An Act to incorporate the Middle Texas Fair Association of
Navarro County, Texas.
Section 1. Be it enacted by the Legislature of the State
of Texas, That Joseph Huey, president; W. S. Robertson,
vice-president; and F. M. Martin, M. Drane, J. B. Jones, J.
K. Smyrle, J. R. Ransom, P. K. Montgomery and J. A. Clayton,
board of directors, and their successors in office, be and
are hereby declared a body corporate and politic, under the
name and style of "The Middle Texas Fair Association;" and
[as] such shall be capable of suing and being sued; pleading
and being impleaded; contracting and being contracted with,
and doing and performing all things necessary to carry into
effect the object of this act. They shall have a common
seal; and for the further purpose of carrying out the objects
and purposes of this association as above declared, said association
is hereby authorized to own the necessary real
estate for fair grounds, pastures, etc., not to exceed five hundred
acres of land, and to erect upon the same such improvements
as may be necessary to carry out the objects of the
association; and that the fair grounds and other improvements
shall be located in the county of Navarro, in said
State.
Sec. 2. That there shall not be more than fifty stockholders
of said association, each owning one share, which
shall be worth fifty dollars ($50), and shall be paid for at the
tome of subscription. Said corporation may own real and
personal property, not exceeding twenty-five thousand dollars.
Sec. 3. The business of said association shall be conducted
by a board of directors elected by the stockholders
from among themselves annually, which said election for
directors and officers of said association shall be held on
the first Saturday in May of every year; and the president
shall cause the secretary to notify each stockholder of the
time and place of said election at least one month preceding.
Sec. 4. The board of directors shall consist of seven
members, besides the president and vice president, who
shall be ex officio members of said board. The president(1451)
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1822-1897 Volume 7, book, 1898; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth6732/m1/1453/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .